The physical and political geography of the deserts of southwest Afghanistan have gone through dramatic change over the last two decades. Located on the periphery of irrigated lands settled by the Afghan state in the 1950s and 1960s, this area has been at the forefront of technical change in...

The physical and political geography of the deserts of southwest Afghanistan have gone through dramatic change over the last two decades. Located on the periphery of irrigated lands settled by the Afghan state in the 1950s and 1960s, this area has been at the forefront of technical change in...

This paper estimates a bivariate HEAVY system including daily and intra-daily volatility equations and its macro-augmented asymmetric power extension. It focuses on economic factors that exacerbate stock market volatility and represent major threats to financial stability. In particular, it...